18 0f the last 22 mondays have been up... that has been the
trade..... buying futures on sunday night then then selling monday
afternoon has worked well many traders follow that......mutual fund
monday........there is also alot of buy stops maybe up to 1160 just
like to day when they get hit the market moves up fast...the stops
might be a target for traders and funds
I agree...but how many more times will it "work." Guess it
works till it breaks but seems to me we are getting a bit foamy
here and a pull down to a daily TL is more likely than another
parabolic Monday. Consider last two Mondays. Feb 22nd
we came ofter 8 up days and was promptly sold into Tuesday.
March 1st came off a 4 day sideways consolidation and had the fuel
off the bull flag. March 8th I think is going to be more like
Feb 22. Pop higher and run out of buyers fast. They are
spent in my opinion. Especially RUT and NDX....come on Rut up
6% in one week and up almost 90 points in one month...when the
stops run out there is going to be a bag in someones hand.
you dont really think so?
OK now let's gap up again on Monday
Posted by corbincj on 5th of Mar 2010 at 05:19 pm
you dont really think so?
18 0f the last 22
Posted by searay on 5th of Mar 2010 at 05:29 pm
18 0f the last 22 mondays have been up... that has been the trade..... buying futures on sunday night then then selling monday afternoon has worked well many traders follow that......mutual fund monday........there is also alot of buy stops maybe up to 1160 just like to day when they get hit the market moves up fast...the stops might be a target for traders and funds
I agree...but how many more
Posted by corbincj on 5th of Mar 2010 at 06:28 pm
I agree...but how many more times will it "work." Guess it works till it breaks but seems to me we are getting a bit foamy here and a pull down to a daily TL is more likely than another parabolic Monday. Consider last two Mondays. Feb 22nd we came ofter 8 up days and was promptly sold into Tuesday. March 1st came off a 4 day sideways consolidation and had the fuel off the bull flag. March 8th I think is going to be more like Feb 22. Pop higher and run out of buyers fast. They are spent in my opinion. Especially RUT and NDX....come on Rut up 6% in one week and up almost 90 points in one month...when the stops run out there is going to be a bag in someones hand.
It's like a trend: it
Posted by junkie on 5th of Mar 2010 at 06:34 pm
It's like a trend: it works while it works till it breaks down and reverses. And all one can tell certainty that it has worked in the past. LOL!